Organizations can choose any starting point to initiate compliance transformation. The process can begin with a single component of their program, because of a change in their internal or external environment, or a combination of both. Or, it can extend from an enterprise-wide decision to revisit the entire compliance framework. Regardless of the trigger, organizations need to be able to deploy change and adapt their people, processes, and technology in support of their compliance activities.
Constant change may be the new normal, but it can also signal ongoing opportunity. It’s the opportunity to reassess and retool compliance, and it’s here KPMG firms can help. KPMG works alongside your team to help you transform your compliance efforts into a more effective, efficient, and sustainable compliance structure – one that can take you from strategy to execution – so it continues to deliver value well into the future.
Taking a thoughtful step back can allow you to integrate compliance elements and align them throughout the enterprise. The potential benefits of this approach can extend to building a compliance culture that is driven by strategy, focused on competitive advantage and added business value, attuned to multiple stakeholders, and embedded in governance, planning, and operations.